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When Brazilian legislators gather to impeach a president, it’s anything but a solemn affair. Think Carnival of Brazil. In an impassioned, 10-hour session in Brazil’s lower house of Congress on Sunday to vote on the impeachment of President Dilma Rousseff, the scene on the floor of the legislative chamber sometimes bordered on the surreal. Protester watch... Continue Reading →
Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday and is almost certain to be forced from office months before the nation hosts the Olympics. Fireworks lit up the night sky in Brazil's megacities of Sao Paulo and Rio de Janeiro after... Continue Reading →
Keppel Corp., the world’s largest builder of oil rigs, reported a 41 percent decline in first-quarter profit as weak oil prices led to delivery delays of offshore projects. Net income dropped to S$211 million ($156 million) from S$360 million a year earlier, Keppel said in a statement Monday. Sales slumped 38 percent to S$1.7 billion... Continue Reading →
The drive to impeach Brazilian President Dilma Rousseff is going down to the wire as lawmakers and protesters descend on the lower house of Congress this Sunday for a vote that looks too close to call. Protesters supporting the impeachment of Rousseff demonstrate outside Congress on April 17. Photographer: Andressa Anholete/AFP via Getty Images Peaceful... Continue Reading →
Brazil’s lower house of Congress started a marathon session that will lead to a crucial impeachment vote on Sunday, following months of intense debate that has left Latin America’s largest nation deeply divided. The Supreme Court early Friday rejected a government motion trying to stop the session, paving the way for a vote that leading... Continue Reading →
As Brazilian President Dilma Rousseff’s impeachment vote draws near, the top brass at the nation’s largest companies is beginning to break its silence. Most business executives see little advantage in publicly taking sides in a political battle, and enough twists and turns remain in the impeachment process to make the outcome unpredictable. That’s kept corporate... Continue Reading →
By DANA MATTIOLI and RYAN DEZEMBER/WSJ Updated April 14, 2016 Private-equity firm Carlyle Group LP is in serious talks to buy a package of oilfield-services businesses from Halliburton Co. and Baker Hughes Inc. that could be valued at more than $7 billion, as the energy giants seek to overcome a Justice Department challenge to their planned... Continue Reading →
Across town from where Brazilian lawmakers are deciding the fate of the country’s president this weekend, car dealer Felipe Bandeira sits in an empty show room lamenting the worst sales season he can remember. “Everybody is waiting to see what will happen on April 17,“ said Bandeira, who saw sales drop 40 percent this year... Continue Reading →
resident Dilma Rousseff's fate in an impeachment vote in Brazil's Congress on Sunday is being decided in deals struck at lunch tables and behind the mirrored windows of luxury hotels in Brasilia, where the tide has turned decisively against her. Rousseff's survival hinges on winning over a dwindling number of undecided lawmakers who are also... Continue Reading →
Brazil’s real dropped the most among major currencies as the central bank stepped up efforts to weaken the currency as Brazilian assets rallied on renewed speculation that impeachment of President Dilma Rousseff is drawing closer. The central bank announced it would auction 80,000 foreign-exchange reverse swaps Wednesday, a move that’s equivalent to buying $4 billion... Continue Reading →
